COMMERCIAL REAL ESTATE AUCTION FORT SMITH, AR
Oct 29, 2021
Commercial Real Estate AUCTION
FRIDAY OCTOBER 29
1101 South 21st Street
Fort Smith, AR
Directions: From Rogers Ave turn South on South 21st St go 6 blocks.
Nice and recently remodeled appx 8,000 sf office building in great location between Dodson Ave & Rogers Ave and just 6 blocks from Baptist Health Hospital. Concrete & brick one-level building w/large open area, two large corner offices, break room, conference room, men’s & women’s multi-stall bathrooms, security system w/cameras & fob entry, natural gas generator and so much more. This will be a perfect & versatile location for any business and it’s on a corner lot with lots of parking!
10% Buyer’s Premium. Please click on ‘terms’ tab for complete list of terms.
Note: Don’t miss this great opportunity to purchase a nice commercial property & it’s in a great location!!
All announcements day of sale supersede this ad
Terms and Conditions
Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing.
Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.
Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgment and inspection of the property and records